PetMed Express, Inc. (PETS) Given Average Recommendation of “Hold” by Brokerages
Shares of PetMed Express, Inc. (NASDAQ:PETS) have received a consensus rating of “Hold” from the eight brokerages that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $40.00.
A number of research firms recently commented on PETS. ValuEngine lowered PetMed Express from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Credit Suisse Group restated an “underperform” rating and issued a $19.00 price objective on shares of PetMed Express in a research note on Monday, October 2nd. Zacks Investment Research downgraded PetMed Express from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 25th. Sidoti upgraded PetMed Express from a “neutral” rating to a “buy” rating and set a $47.00 price objective for the company in a research note on Thursday, August 24th. Finally, BidaskClub downgraded PetMed Express from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 22nd.
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In other PetMed Express news, Director Robert C. Schweitzer sold 2,500 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $49.18, for a total value of $122,950.00. Following the completion of the transaction, the director now owns 88,834 shares in the company, valued at approximately $4,368,856.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Bruce S. Rosenbloom sold 6,833 shares of the company’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $50.18, for a total value of $342,879.94. Following the completion of the transaction, the chief financial officer now owns 18,534 shares of the company’s stock, valued at approximately $930,036.12. The disclosure for this sale can be found here. Insiders sold a total of 19,333 shares of company stock valued at $949,730 in the last 90 days. Corporate insiders own 4.00% of the company’s stock.
A number of large investors have recently made changes to their positions in the business. Pinebridge Investments L.P. grew its stake in PetMed Express by 1.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 2,704 shares of the company’s stock valued at $110,000 after purchasing an additional 27 shares during the period. Arizona State Retirement System grew its stake in PetMed Express by 0.9% in the 1st quarter. Arizona State Retirement System now owns 10,667 shares of the company’s stock valued at $215,000 after purchasing an additional 100 shares during the period. Texas Permanent School Fund grew its stake in PetMed Express by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 14,986 shares of the company’s stock valued at $608,000 after purchasing an additional 125 shares during the period. Advisor Group Inc. grew its stake in PetMed Express by 0.7% in the 2nd quarter. Advisor Group Inc. now owns 24,844 shares of the company’s stock valued at $1,009,000 after purchasing an additional 179 shares during the period. Finally, QS Investors LLC grew its stake in PetMed Express by 4.0% in the 2nd quarter. QS Investors LLC now owns 9,324 shares of the company’s stock valued at $379,000 after purchasing an additional 356 shares during the period. Hedge funds and other institutional investors own 78.91% of the company’s stock.
PetMed Express (NASDAQ:PETS) last released its quarterly earnings results on Monday, July 24th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.07. The business had revenue of $79.66 million during the quarter, compared to analyst estimates of $77.32 million. PetMed Express had a return on equity of 28.67% and a net margin of 10.34%. PetMed Express’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.32 EPS.
PetMed Express Company Profile
PetMed Express, Inc (PetMed Express), doing business as 1800PetMeds, is a pet pharmacy. The Company markets prescription and non-prescription pet medications, and other health products for dogs and cats, direct to the consumer. It offers a selection of products for dogs and cats. Its product line contains approximately 3,000 stock keeping units (SKUS) of pet medications, health products and supplies.
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